NTAP Calls Tank; Stocks Edge Higher
As traders wait for Greenspan’s comments on interest rates, stocks have
worked their way higher, with the Nasdaq leading with a 1% gain. Biotechs are
the day’s top sector, and banks are the weakest.
At mid-day, the VIX has decreased 1.14 to 29.10.
The OEX November 730 calls are unchanged at 10.
Among bigger movers on heavier-than-average volume:
Network Appliance
(
NTAP |
Quote |
Chart |
News |
PowerRating) is off 16 1/4 to 80 after beating earnings
estimates but raising concerns about future revenue growth. The NTAP December 90
calls are down 10 1/2 to 7 on quadruple average volume.
Bank of America
(
BAC |
Quote |
Chart |
News |
PowerRating) is down 3 5/8 to 42 1/4 on credit worries. The BAC
November 47 1/2 puts have jumped 3 1/16 to 5 3/4 on heavier-than-average volume.
Human Genome Sciences
(
HGSI |
Quote |
Chart |
News |
PowerRating) is up 7 3/16 to 77 11/16 in a strong
biotech/genomic sector. The HGSI November 80 calls have gained 1 1/2 to 2 1/8 on
triple average volume.
Oracle
(
ORCL |
Quote |
Chart |
News |
PowerRating) is up 5/8 to 29 while the Oracle January 01 45 calls have
gained 1/8 to 3/4 on heavy volume of more than 30,000 calls.
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